MC Mining Limited Makhado Project Regulatory Progress (6030Z)
03 September 2018 - 10:07PM
UK Regulatory
TIDMMCM
RNS Number : 6030Z
MC Mining Limited
03 September 2018
ANNOUNCEMENT 3 September 2018
MAKHADO PROJECT REGULATORY PROGRESS
MC Mining Limited ("MC Mining" or the "Company") is pleased to
announce further progress at its fully permitted Makhado hard
coking and thermal coal project ("Makhado Project" or "Makhado"),
located in the Limpopo province in South Africa.
MC Mining's subsidiary, Baobab Mining & Exploration (Pty)
Ltd, the owner and developer of the Makhado Project, applied to
both the Department of Mineral Resources ("DMR") and the Limpopo
Department of Economic Development, Environment and Tourism
("LEDET") during January 2018 for an amendment to Makhado's 2016
Environmental Authorisation ("EA"). The requirement for the EA
amendment arose on completion of the revised Makhado Project plan,
whereby saleable coal will be transported to the Musina rail siding
by road rather than rail.
The Company is pleased to announce that LEDET has granted the EA
amendment for Makhado. Stakeholders may appeal this amendment and
any appeal will result in the suspension of the LEDET's
authorisation. MC Mining will address this with the regulatory
authorities if applicable.
David Brown, CEO commented:
"The decision by LEDET reinforces the government's support for
Makhado and the project's potential to contribute to socio-economic
development in the area. We await the record of decision from the
DMR and have commenced the process to obtain surface rights access
in terms of South African mining legislation."
Authorised by
David Brown
Chief Executive Officer
For more information contact:
David Brown Chief Executive Officer MC Mining Limited +27 10 003 8000
Brenda Berlin Chief Financial Officer MC Mining Limited +27 10 003 8000
Tony Bevan Company Secretary Endeavour Corporate Services +61 08 9316 9100
Company advisors:
Financial PR
Jos Simson/ Gareth Tredway (United Kingdom) Tavistock +44 20 7920 3150
Ross Allister/David McKeown/James
Bavister Nominated Adviser and Broker Peel Hunt LLP +44 20 7418 8900
Charmane Russell/Olwen Auret Financial PR (South Africa) R&A Strategic Communications +27 11 880 3924
Investec Bank Limited is the nominated JSE Sponsor
About MC Mining Limited:
MC Mining is an AIM/ASX/JSE listed coal exploration, development
and mining company operating in South Africa. MCM's key projects
include the Uitkomst Colliery (metallurgical coal), Makhado Project
(coking and thermal coal). Vele Colliery (coking and thermal coal),
and the Greater Soutpansberg Projects (MbeuYashu).
Forward-Looking Statements
This Announcement, including information included or
incorporated by reference in this Announcement, may contain
"forward-looking statements" concerning MC Mining that are subject
to risks and uncertainties. Generally, the words "will", "may",
"should", "continue", "believes", "expects", "intends",
"anticipates" or similar expressions identify forward-looking
statements. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements. Many of
these risks and uncertainties relate to factors that are beyond
MCM's ability to control or estimate precisely, such as future
market conditions, changes in regulatory environment and the
behaviour of other market participants. MCM cannot give any
assurance that such forward-looking statements will prove to have
been correct. The reader is cautioned not to place undue reliance
on these forward looking statements. MCM assumes no obligation and
do not undertake any obligation to update or revise publicly any of
the forward-looking statements set out herein, whether as a result
of new information, future events or otherwise, except to the
extent legally required.
Statements of intention
Statements of intention are statements of current intentions
only, which may change as new information becomes available or
circumstances change.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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